REIT Modernizes ERP to Support Nearly $6B in Project Value
How one real estate development company solved business challenges with Velosio's industry expertise and a Microsoft Dynamics ERP solution.
This real estate investment trust (REIT) approaches real estate with uncompromising commitment to the highest quality and operational efficiency. They embrace challenges, solve problems quickly and strive for simple delivery. Their execution model is team-based. They are a matrix organization where conversations are candid, and conflict is easily resolved. They work together to get things done. This REIT continues to expand its operations’ scale and scope, with project values weighing in at nearly $6 billion.
The Business Challenge
The client’s strategy for investment involves a rigorous process of research, planning, and due diligence to ensure successful outcomes. Because they work with a wide range of complex asset classes, the company determined it needed open access to a platform and the ability to customize it as needed. Velosio was chosen to support the project as a flexible services organization with robust Microsoft Dynamics ERP knowledge.
Within a year, the client had migrated from Yardi Gemina to Microsoft Dynamics 365. The internal development operations team configured the platform and continues to add modules to the application today.
Delivering a Roadmap to Success
As the company continues to manage various verticals in tandem, having a detailed roadmap is essential to avoid business disruption. Our knowledge and experience continue to support a transition plan with successful execution.
Mapping out processes provides a consistent framework from which to drive employee expectations and project standards. It also allows employees to focus less on project organization and more on value-added activities.
The Results: Microsoft Dynamics 365 in Action
With our expertise and the agility of Microsoft Dynamics platform, the company is confident that they have the right teams, technology, and insights to accomplish business goals and fulfill promises to clients. Consolidating three accounting systems into one has enabled the company to expand, grow and innovate.
Velosio’s flexibility and agility are paramount to delivering business value. Velosio not only meets expectations but raises the level of value moving forward. For business partners, customers and employees, this process has made the company stronger.